Tag Archives: Singapore REITS

Starhill Global Reit Q3 income to be distributed up 7.8%

Posted on 28 Oct 2009 | Comments Off on Starhill Global Reit Q3 income to be distributed up 7.8%

Starhill Global Reit, which owns shopping malls on Orchard Road, said its income to be distributed for the third quarter rose 7.8 per cent to S$18.3 million from a year ago.

Distribution per unit for the three months ended September was 0.95 cents, 6.7 per cent higher compared to the year-ago period, after adjusting for the rights issue.

Net property income for the quarter rose 10.4 per cent to S$26.1 million mainly due to better performance by the reit’s Singapore properties.

The reit’s manager said it’s cautiously optimistic about the outlook ahead, given the encouraging signs of recovery in the global credit market, as well as the turnaround in the Singapore economy and tourist arrivals.

Source : Channel News Asia – 28 Oct 2009

Comments Off on Starhill Global Reit Q3 income to be distributed up 7.8%

Posted in Funds

Tagged , ,

CapitaRetail China Trust says Q3 distributable income, DPU up slightly

Posted on 24 Oct 2009 | Comments Off on CapitaRetail China Trust says Q3 distributable income, DPU up slightly

CapitaRetail China Trust (CRCT) said on Friday that its third quarter distribution per unit (DPU) is 2.02 cents. This is 0.5 per cent higher than the 2.01 cents DPU announced over the same period last year and 4.5 per cent more than the previous quarter’s DPU.

Distributable income for the period ended in September is S$12.6 million, 1 per cent more than last year’s S$12.4 million. Net property income was also marginally higher at S$18.2 million, an on-year increase of 0.7 per cent.

CRTC said appreciation of the Chinese yuan against the Singapore dollar and an increase in occupancy rates boosted its earnings. It added that retail sales in China remained strong, underpinned by the Chinese government’s measures to increase domestic consumption.

CRCT remains confident of its ability to refinance its debts when they mature, with interest rates expected to be in line with general market conditions.

Source : Channel NewsAsia – 23 Oct 2009

Comments Off on CapitaRetail China Trust says Q3 distributable income, DPU up slightly

Posted in Funds

Tagged , ,